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20121205
20121213
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FBC 69
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Search Results 0 to 49 of about 69 (some duplicates have been removed)
some in detroit say they deserve for helping reelect their commander-in-chief. the city on the brink of financial collapse and will soon lay off thousands of city workers to pay off bills. the total outstanding debt is more than a billion dollars. that is according to moody's investor services. joann watson, city councilmember, her comments are sparking controversy. she claims the president owes the city another bailout because they voted them into office. >> he went to washington dc and he came back home with some bacon. that is what you do. that is what you do. are people overwhelmingly supported him in the election. not just that, but why not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the labor policy director for the mackinac center for labor policy. tell me what it is you're trying to do with this legislation. >> there are ru
of being latest and biggest city to file for chapter 9 bankruptcy. detroit mayor binge said the city will lay off 400 to 500 workers in the nexx few months. it will take a lot more than that to keep the city from going broke. we're joined by michigan senator rick jones. thanks for joining me, senator, do yoo think if they dot latest layoffs will it satisfy the milestones the city needs in order to get more state aid? >> it is gooddstart and but not enough. we have a city council totally dysfunctional. recently mayor bing asked them to come in, they said we're on holiday. it is unbelievable. melissa: you said they think they deserve a bailout. what makes you think that they feel? >> detroit city councill3 woman came on national tv and said, president obama, we all voted for you. it is time to bring the bacon. bail us out. that's outrage just. that folks think they can just spend money like no tomorrow and expect anybody else to bail them out. my constituents from mid michigan are saying no bailout. they need to fix the city theirselves. melissa: this is something going on all across t
been down 30%. the outlook below the estimates. david: let's talk about citi unfortunately because they cut so many workers. their stocks taking off. nicole: leading the dow financials really well today. david: we will talk about all the financials coming up but let's take a look at the general indices with the bells ringing on wall street. we got kind of a split decision. you have to remember the negative on the nasdaq is primarily from one stock, apple getting killed pulling down the entire index. when you spent much of a divergence in what is happening on the nasdaq, there is something with one or two stocks in this case a lot of it has to do with what happened to apple and at the end of the day trading down 7%, a huge loss for apple. liz: apple has an 18% waning. if they continue their slide, looking ahead about 1% today, but if apple continues a pretty dramatic slide, watch this etf, you could suffer bigger losses. david: nicole talk about bank of america. seeing a bump topping $10, the first time that's happened since july 2011. whether it is directly related to what happened
years and a narrow casting example. but the new york city subway used to have posters written spanish advertising a gay, lesbn domestic violence hot line. that's how fine grained it get in new york new york city on the subway pushing welfare programs. it informs and pushes them. >> but getting back to the poverty program and they're pushing food stamps and welfare programs and they have a tendency to keep poor people poor. once you are on the dole it is hard tore get off. >> it is. incentives are wrong. they encourage people to stay on it. it is it a growth crisis. economic growth is easy and if we get the policies right, a lot of these people get off of it and i agree with victoria that we have a welfare industrial complex. and in order to keep these people on food stamps, we got to -- >> and creating a sense of depeppedency from fdr and bill clinton and senators . is is not just republicans and conservatives. >> that is it a valid. if you want to reform welfare to resolve the problems that you are raising. they are valid problems . we will not mix it up by condemning people who need
on monday? should taxpayeyeyeyeye [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. ti price rewind. start saving at citi.com/pricerewind. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gavisn®. can i still ship a gift in time r christmas? yeah, sure you ca great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. i'll send you back to bulls and bears, more headlines just 30 minutes away. >> we showed you the
glk350 for $399 a month at your local mercedes-benz dealer. >> >> driving and eating, hey, the a city in south dakota fine people eating behin the wheel. >>charles, you say it has to go? >> pretty soon we'll be fined for driving while driving. and it's a way to get money, ridiculous. >> neil: this is one town that won't see cavuto passing through soon. thank you. ben, what do you think of it? >> cooking while driving. (laughter) and i thin setting the table while driving. but eating potato chips, pop corner, peanuts? that's illegal? that's insane. >> neil: i was trying to reason this out, dagen, because just seemed like-- you can't use your cell phone in a lot of states now because it's huge distracting. >> and texting. >> so, maybe that's the next step. >> i don't have a problem with this, actually, if they need to raise money-- >> get skinny. >> and you show up and you don't have-- >> and fat people have a problem with it. >> and you don't have potato chip crumbsn your lap, ben, when you arrive to see who you're seeing and don't have a sticky steering wheel, i'm done. >> neil: i'm n
mercedes-benz dealer. me for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial criis inquiry commission member peter wallace will join me here in just moments. let's take a look at tonight's "moneyline." the dow and s&p managing gins. the nasdaq weighed down by another ba day for apple and its investors. the dow up 81 points. s&p up four, the nasdaq fell leaven. just over 3 billion shares traded on the big board today. the dow up 1%, s&p slightly higher making three straight weeks of wins. the nasdaq down 1% for its first losing week of the past three.
. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis, risks, charges and expenses. ad and consider itarefully bere investing. ri includes possible ss of principal. lou: new reports show foreign investment is helping the housing market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss that and much more when it comes to housing. in the money line tonight, investors waiting cautiously to see whether washington can work out a deal to avoid the fiscal cliff. stocks rising, well, modestly is a big, strong word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the nasdaq rose nine. trading light. technology stock
: why not, huh? detroit council woman joanne watson asked for bailout for the cash-strapped city. the president heading there. >> ofourse not if you want to look up cronyism, and wikipedia, this is cronyism in live television. it's blatant. if she feels so blatant she can feel it this way, who are the people not on mv saying texts and messages, dear mr. president, if we bring home the bacon you'll bring home the bacon to us? this is an unfortunate exmple of the realities of this type of political process. >> brenda: well, jonas, didn't michigan, didn't detroit already get a bailout. >> yes, it was called the auto bailout. and before the election, unformer. two admistrations that d that. everyone wants a bailout and the president's going to get your votes one way or the other. question is coming up more broadly, right now new jersey and an other of states getting a huge one bause it was a cast catastrophe. >> and if it's beyond your control and-- >> the case is we ved for you, we get bailout. >> and on the other side, detroit is in a mui-decade collapse that is beyond the scope, i
created less than 500 jobs. not so good. >>> solar city is postponing its ipo the solar installer was supposed to price yesterday and make its public debut today. details for the delay have not been closed. solar city was seeking to raise $151 million. >>> the fed cracking up the stimulus, cranking up the stimulus knob to full blast. it is dropping $45 billion a more a month on u.s. treasurys. inflation and ballooning balance sheets be damned! i can't keep track anymore of all the it tried to jolt the economy into recovery with very little to show for it i might add. is it time to call in the fed busters to stop ben bernanke from messing with our economy? i like that. joining me nariman bear verb, ihs chief economist and steve moore from the "wall street journal" steve, seems like you are the guy that likes our ghost buster, fed buster guy. >> i was shocked by the decision. is this qe inifiti we're on right now? melissa: i don't know. >> we've had such a huge deluge of liquidity into the market. and the fed, a lot of people know this that the fed already owns about a trillion doll
, that was from a detroit city council member. detroit runs out of money very soon, this is a call, publicly, for an obama bailout. so, who is next? california, illinois, good question. raise tax rates on the rich or no deal. yeah, the line has been drawn again. president obama says america is poised to take off, but only if the republicans agree to tax the rich directly. he will only accept higher tax rates. how will speaker boehner respond to that? he speaks within the hour. and how about this, top anchors at a news network visit the white house for a cozy chat with the president. tell us, mr. president, how can we sell your tax the rich policy? citigroup, 11,000 jobs gone. "varney & company" about to begin. having you shipy gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ me announcer ] break from e holiday stress fedex office. >> we'll begin with sad news. dame elizabeth mother of news corporation chairman and chief executive rupert murdoch died at age 103. news po
with us, we'll show you the evidence. it's tt time o. time for citi price rewind. because your daughter really wants that pink castle thing. and y realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. yoknow we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. se on ground shipping at fedex office. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gavisn®. ♪ lou: back with the a-team, and l
without tax rate increases. melissa: 11,000 now out of work at citi. slashing jobs taking a billion dollars charge as it repositioned oppositions. charlie gasparino tells us it is even more cuts are on the way. lori: new warnings and ethanol blended gasoline. joining us on whether you should be worried about what you put into your gas tank. let's get up to speed, back the floor of the new york stock exchange and nicole petallides. economic data on the service industry. nicole: looking good, lori and melissa. up 125 points. after two days of selling we are seeing some market action to the upside. we are above the 13,000 mark, well above that. 13,076. the nasdaq squeezing it out. concern for apple, but financials are doing well. let's take a look at the group. laying off 11,000 workers, that is the plan. a new ceo in place and he wants to make his mark. up 6.5%. it is under pressure, nowhere near $700 for the all-time high in september. the latest findings other actually going to use the market share for the ipad to the android in some microsoft folks, they're facing intense competiti
of bankruptcy as city councilwoman with a rather direct, plain spoken solution saying it's simple. the city voted for obama. now obama must bail out mo-town, next. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and psonal attention. which is why we arare proud to parer with healh care professionals who understand the difference that quality time with our members can me... that's a very nice cake! ohh! [ giggles [ le announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals w helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... whh means better health outcomes... and more quality t time to she with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ lou: treasury secretary today said t
hardening our greatest risk and cities. 9/11 commission says we shouldn't spend any money unless we are doing it on a risk-based calculation. security initiative all the way up to 66 cities. what is happening is what is intending to harden our cities and make us more resistant to terrorism has now become a real deal grantmaking process. and they can't tell us is if this will make us any safer. what we want to see is if we are going to spend this money, borrow it from china or our kids, we need to make sure that we are getting our money's worth and it is supporting what we intended it to. which is to increase security of our most humble cities. charles: senator coburn, where does the buck stop on this kind of stuff? these guys have a lot of this money. they can do things like this. is there any specific person who has ever been held accountable for this? >> the people you should hold accountable is not the agency. we are allowing the agency to do this. we see waste and stupidity. the fact that we don't have a metric to measure, and we don't know how the money is spent, there are no f
again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain qukly. try fast, long lasting gaviscon®. neil: donald trum obama supporter. neil: maybe not. the donald, just tweeting this. i am happy to hear that president obama is considering giving an ambassadorship, a winner, and really smart. former ambassador to united nations john bolton said that money could payoff for her, this is just weird. on so many levels if she is ambassador. donald trump supporting it. that is
on refills at advaircopd.com. liz: we've been telling you the headlines. big banks like citi, bank of america, uba announcing job cuts by the thousands. that number could rise as technology replaces the traditional bank teller. our next guest says the dynamics of bank branches are shifting. they ought to get on board with video banking which is just what his company provides. ugenius founder and ceo willl3 join us. is this like skyping with my teller? what is this. >> that is a as good a description. this is the ability for a teller to see and talk to the customer but the teller is located in video call center as opposed to being inside the branch. it has huge benefits from cost efficiency standpoint from the financial institutions. liz: you make the software. you make the hardware. if i'm a customer how do i use it? >> you go up to a device and press the start button. liz: a device you provide? >> exactly. liz: so i would have to buy it? >> exactly. liz: the financial institution representative comes up on the screen and asks what type of transaction they would like to do while at the machin
inches in just 24 hours. the twin cities have seen almost as much snow already has all of last winter. a 31-year-old man is shot, execution style, while walking down the street yesterday. police are now looking for two suspects. medics rushed the victim to the hospital where he died. defense attorneys for. to asking a judge to and gps monitoring. those are your headlines. dagen: thank you. british banking giant agreeing to pay almost $2 billion. more than $1.9 billion. a record amount for a allowing money laundering to go on for years. this is the largest penalty ever paid. it is a nonprosecution agreement. if it changes its ways it will not be prosecuted. if you think the government is draining your wallet, you may want to take a closer look at those people around your house. what they are carrying around and using. i am talking about apple products. households spend an average of $450 on those devices in 2011. nearly tripled the amount in 2011. analysts are calling it an apple tax. no, it is just, you are spending money on stupid apple products. under intense pressure to curb its bu
. [ malennouncer ] it's tt time of year again. time for citi price rewind because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super arkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewin >> it is causing these extreme weather events. dirty energy causing dirty weather, and we have to come to our senses and do something about it. >> i deeply respect our president, thankful for the steps taken, but we can want have four more years of mentioning this occasionally and say it's too bad the congress can't act. neil: all right, if barack obama thought he was going to get a pass from al goron the global climate change warming, whatever they call it these days, not happening. we are here whether this might make the white house move even more quickly on climate change. melissa, what do you
tng. and you realldon't nt to pay more than you ve to. only citi price rewind automatically searches r the lowest ice. and if it findone, you get refunded t difference. just use your citi card and rester your purchase online. have a per sparkly ok. [ male announcer ] now all youeeis a magic carriage. citi price rewind. start saving at citi.com/pricerewind. you know hopainful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barri that helps block stomach acid from splashi up- relieving the pain quickly. try fast, lg lasting gaviscon®. ♪ lou: joining me now, the "a-team," columnist, author, former prosecutor, fox is legal analyst, former clinton adviser, fox news political analyst. thank you all for being here. i have to start with this fiscal cliff that is being managed. i said at the beginning of this broadcast, this is unequivocally and solely the president's decision. it is his solution that will determine whether we go into a fiscal cliff. why is the republican party not getting that? >> well, i think they miss
the way to extinction. they're completely banned in two cities. chicago wants to nix them. guess who is behind it? my favorite chicago alderman. i say stop the madness. but alderman joe moreno is here to disagree with me. even when they say it is a not it is always about money melissa: first let's take a look at today's market headlines. mediocrity apparently the reason to buy on wall street today. the november jobs report came in above expectations but the 146,000 jobs added is below average monthly growth for the past two years. that and 350,000 americans left the workforce. it all somehow added up to an 81-point gain on the dow. as usual the markets are making perfect sense. also more americans are finally waking up to the scal cliff. december consumer sentiment nosedid to a five-year high, because of fiscal cliff fears. a spike in taxes would leave a lot less money lying aroundor the iphone or ipad. shares of apple fell 2%. >>> thanks to a study by the department of energy the u.s. may be closer to approve natural gas exports. data shows it could improve th economy by $47 billion
about particularly solar city is one of the more fascinating ones coming out. solar panels installers, not a makers fell in a lot of analysts are looking at that one. these are five deals left in the last couple weeks we have going on. audio oncology, ppg energy, silver bay realty. five names. which one sticks out to you? >> one of those five price and traded the day up 30%, that is western gas so we're left with four. we think the solar city deal with controversial. not just an installer but a finance company. difficult to understand and evaluate the risk of this company. we would say it is high risk deal. we would be focusing more on the energy deals and refiner in the pipeline. that is a company called pbs. they own refineries. a good segment. they pay dividend yields. we highlight that in the silver city which is. cheryl: energy and realty but not closely. very interesting what you are saying. look at wireless. >> an interesting one. we thought highly of the company, many investors did. in place of ipo on top of a range traded down 18%. it was an ipo disaster. today is trading 15%
in the country. number five, the mayor's christmas tree in kansas city, missouri. 100 foot tall tree in the city. not bought but grown by the mayor himself. way to go. number four, the christmas tree at the grove in los angeles. they may not have a white christmas but they certainly have the spirit thanks to 110 foot white fir adorned with 10,000 lights and 15,000 decorations. number three the outlet mall in anthem, arizona. the 112-foot tree is decaded with two miles of lights and more than 3000 ornaments. took 14 workers to put up the tree probably weeks and weeks and weeks. number two the victoria village in fern dale, california. 1557 foot tree. still growing. the fire department deck rates the spruce at the end. main street. number one tallest christmas tree in the country. the tree at coeur d' alene in idaho. gorgeous. makes it easier. feet tall. the star alone is 10 feet tall. the rockefeller tree in new york city is 9th tallest, only the 9th at 74 feet and it is big. we'll be back with my two cents more [ male announcer ] at scottrade, you won't just find us online, you'll also find us i
school is the highest paid in the country. that is right here in new york city at more than $3 million. >>> national hockey league is canceling its regular season through december 30th, i know, due to lack of collective bargaining agreement. 526 games, more than 40% of the season has been canceled. that unfortunately is that [buzzer] that is end of today's speed read. liz: it is disgusting. it is horrifying. we don't seem to be any closer to a resolution on the fiscal cliff even though many are warning that the economy could face dire consequences if there is no agreement but one strategist says, why are you worrying about december 31st? that deadline isn't even the real fiscal cliff. david: that strategist is none other than peter schiff, ceo of europacific precious metals. friend of the show. peter, although i wish it was under better circumstances. you say the real cliff coming is bigger han the housing mess, bigger than the housing crisis we went through. it's the bond mess. specifically when the fed stops printing money to buy up treasurys all hell will break loose, right? >> wel
is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing] [heartbeat, music playi loude ♪ i'm feeling better since you knome ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: thisong was created with heartbeats of children ineed. find out how it can help frontline e health workers bring hope to millions of children at everybeatmatters.org. lou: new rorts show foreign investment is heingthe housg market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss thatnd much more when it comesto housing. in the money lineonight, investors waiting cautiously to see whetether washington can wok out a deal to aid the scal cliff. stocks rising, well, modestly is a big, strg word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the nasdaq rose nine. tring light. technology stocks strong in the market, an i'm speaking, obviously, comparatily. h
. the other night i left the fiscal cliff behind and took a walk through new york city. it was great. the lights, the christmas tree, rockefeller center, crowds of people with their children. was such a switch. "varney and company" will not walk away from the fiscal cliff but we will bring you the real america, the responsible america, the way it is and the way it ought to stay. i hope you all have a wonderful american weekend. test test. there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarilcomfortable sleep number experience. an exclusive collectioof innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that alls you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep
't broke why fix it? the city of los angeles new parking meter law. you will not believe this one. o as you can see, geico's customer satisfactn is at 97%. o as you can see, geico's customer smmmm tasty.s at 97%. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the sces. this coffee cup, for example, is cit's not real.ed. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickl try fast, long lasting gaviscon®. adam: the state of california is taking aim at delta airlines for not complying with privacy laws when it comes to its fly delta app. shibani joshi is covering this story. how much trouble are they in? let me ask you guys, first off. have you downloaded the delta
of the continental u.s. and missouri is the lowest. 3.01. missouri has the only major city we found with the average price of regular we called a two handle. and in the next hour, the gas buddy joins us and where you can find the cheapest gas in your area. and 10:45. new figures from the u.s. census bureau shows about 100,000 more people left california than moved in. that's a net out migration in 2011. shockingly enough, mike reagan was not one of them. he joins us now bright and early from los angeles. thank you for getting up so early in los angeles, we appreciate it, mike. now-- >> you've got it. thank you very much. stuart: i thought i'd get you out, sorry about that. why are all of these people leaving? conventional wisdom has it, it's taxes, taxes, taxes. is it something more? >> how about lack the education? the school system used to be number one is now 49th in the country and taxes another reason for it, cost of living another reason for it and no vision into the future that's going to get better and somebody said in california the houses are free. and the weather is what costs you money.
thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be talking about now? join me in a fox business exclusive, 2003 nobel laureate in economics and nyse will institute director. he has a whole institute for volatility. spotting risk. we thought let's bring you in and talk about noo the fiscal cliff of the three hidden risks people should be talking about but aren't. how did you identify them? >> there are lots of things people worry about, but which of the really big ones and what kind of a timefram time frame ae talking about? decade?out next week or next we talk about the big risk to have to look further in the future. liz: the next year or so? 20 years, 50 years perhaps. number three. you say it's all the u
into new york city. we don't have a lot of product in new york city. hard to develop a lower end brand, moderate hot tell tier. hard to make the numbers work. cambria, will be higher alternative value. liz: what is the rate on king room, not a suite, a basic room? >> the basic room in new york in the manhattan for us it will run somewhere in the low 200s. but remember --. liz: very reasonable. >> that's a value compared to the five or $600 you will be paying in are a lot of upper upscale hotels. david: how are you financing? credit is tough to get. >> credit is tough. it is getting better. gotten better in urban markets. this year it really improved. david: has that changed your plans? has i had made you more aggressive? >> it is a great time to build because we think the hotel business is continuing to expand for the next several years. new york is obviously one of the hottest markets in the country. it is a great place for us to launch a brand. everybody is here. all the travel managers are here. when they see the hotels they hope they book them at our other hotels. we believe the ti
from now, president obama visits a suburb of detroit. in that near bankrupt city asks for a bailout. will the president oblige. organizationed labor health. the right to work legislation. the unions hate it. will the president step in? . detroit voted for him, the unions, mr. obama is there, what is he going to do? china is here buying part of the bailed out aig, buying 123 battery company and buying american mansions. that's what happens when china has the money and we've spent all of ours. or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it just common sense. from ameritrade. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holid deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fex office. >> two big stories coming togethe
of the harshest conditions. dumping 10 and a half inches in 24 hours. this season the twin cities has seen almost as much snow as all of last winter. those are your headlines. back to lori and melissa. melissa: former capital trader faces jail time for insider trading. they have made no secret of their desire to give up in committing evidence against wells, his own boss, steve cohen. but some say he has a powerful incentive not to cooperate. charlie gasparino. >> companies often cover the legal expenses of their employees snarled in investigations. charged in an insider trading scam alleged back in 2008. but this was kind of interesting about this. the allegations of trading on insider trading back in 2008, essentially let go. sec capital, even though he has been an employee for two years, now covering his legal fees. longtime white-collar defense attorney, does not come cheap, he starts around $1300 per hour. he made about $9 million according to the criminal complaint. that was the bonus. lori: so he has money. >> maybe. 1300 per hour. a lot of money. and this is raising some eyebrows in the le
to pay taxes in that city. you might not like the administration of government, you might not like -- you will pay city taxes or you can move out of the city. you can change the process and get involved in the same way -- stuart: i understand point. [talking over each other] stuart: voting to make michigan a right to work state. that is the democratic process. that is what is happening here. >> these people on lawfully legally expressing their opinion today. we have a mess on our hands. stuart: let me throw this that you. in the last ten years the employment level, the number of jobs in right to work states has gone up 10%. the employment level in non right to work states like michigan has gone 1%. don't you think there's something to be said for being right to work in terms of getting more jobs to your state? good jobs at a toyota or honda? >> there is no more pro-business mayor in the state or the country but i can tell you as you know as a business reporter there tweet types of lies, lies, damn lies and statistics. i didn't make that up but i can show you statistics the other way that
in new york city. and we're following the apple story throughout today's program and right at the opening bell, a big name that you know and probbbly own, that's apple. what's it doing wrong? where will it open? pre-market, by the way, was down $9. below 530. buying opportunity? who knows. the opening bell though, that's next. can your hearing aid do this? lyric can. lyric can. lyric can. lyric by phonak is the world's only 24/7, 100% invisible hearing device. it's tiny. t lyric's not just about what you can't see. it's about what it can do. lyric can be worn 24/7 for up to four months, without batty changes. incredibly easy to live with, lyric can be worn showering, sleeping and exercising. in fact, you might forget it's there at all. call for a risk--free trial. and you'll see lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatom (testimonial section) (testimonial section) (ttimonial section) did you know, 94% of people o use lyric would recommend lyric to a friend or loved one. can your hearing aido
, but creates new ones. in my city last week, there were protests in front of mcdonalds. unions want fast workers paid more. the new "new york times" put thn the front page saying mcdonalds pays her $8, but she deserves $15 #. civil ights groups, union demands a higher living wage, and they may get it. [chanting] >> the big bad union like the big bad wolf like the government use force. if they want a $15 minimum, that's what employers must pay. that sounds good to people. everyone will get a raise. the problem comes from what is not seen. i can interview the guy who got a raise. i can't interview the guy who didn't open a mcdonalds because work rules were too onerous or those never offered a job because high union paid skills protected him out of a job. we don't know who those people are. they are the unscene victims of the government's protections. it's frustrating to explain the unseen. sometimes i fear no one understands so it's a
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